1. Imax Executives Hoping Warner's 'The Matrix' Is 'The One'.
- Author
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Sperling, Nicole
- Subjects
MOTION picture industry ,MOTION picture theaters - Abstract
Executives at Toronto, Ontario-based group of motion picture theaters Imax Corp. will be watching the film "The Matrix Revolutions," most closely. The film opened on November 5, 2003 on 48 North American and 12 international Imax screens alongside the worldwide release of the 35mm edition. The opening marks the culmination of a strategy that the company has been pursuing for 18 months. Its goal is to transform the company's operation from a group of theaters predominantly associated with museums and other institutions that show educational fare to a more commercial enterprise that attracts event films from the major studios. If the strategy works, more studios are likely to invest the $3 million-S4 million it takes to transform a 35mm print into the Imax format, making it part of their distribution strategy — and hopefully a new revenue generator.
- Published
- 2003